Peabody Simpson at the Crossroads
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Publication Date:
June 25, 2003
Industry:
Financial Services
Source:
Harvard Business School
Three managing directors at Peabody Simpson had just returned from a firm-wide recruiting event at Columbia University, which they had covered together, as all were alumni. They were commiserating about having to submit revised forecasts to their division heads by the end of the week. Alec Hastings, head of Global Institutional Securities, wanted an update on year-to-date expense. They sat at their favorite watering hole and discussed the challenge of cutting $600 million out of the operating budget.
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Peabody Simpson at the Crossroads
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